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Inventory (Tables) | 9 Months Ended
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Jul. 31, 2021
Inventory Disclosure [Abstract] |
Inventory | Inventory at July 31, 2021 and October 31, 2020 consisted of the following (amounts in thousands):
| July 31, 2021 |  | October 31, 2020
Land controlled for future communities | $ | 167,038 |  |  | $ | 223,525 |
Land owned for future communities | 574,042 |  |  | 1,036,843 |
Operating communities | 7,552,200 |  |  | 6,398,538 |
| $ | 8,293,280 |  |  | $ | 7,658,906 |
Temporarily Closed communities | Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below:
| July 31, 2021 |  | October 31, 2020
Land owned for future communities: |  |  |
Number of communities | 6 |  |  | 10 |
Carrying value (in thousands) | $ | 41,787 |  |  | $ | 68,064 |
Operating communities: |  |  |
Number of communities | 1 |  |  | 4 |
Carrying value (in thousands) | $ | 6,921 |  |  | $ | 32,112 |
Inventory impairment charges and expensing of costs that it is believed not to be recoverable | The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands):
| Three months ended July 31, |  | Nine months ended July 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Land controlled for future communities | $ | 2,045 |  |  | $ | 3,926 |  |  | $ | 3,792 |  |  | $ | 16,765 |
Land owned for future communities | 11,105 |  |  | 2,764 |  |  | 11,105 |  |  | 4,869 |
Operating communities | — |  |  | — |  |  | 1,100 |  |  | 300 |
| $ | 13,150 |  |  | $ | 6,690 |  |  | $ | 15,997 |  |  | $ | 21,934 |
Interest incurred, capitalized and expensed | Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands):
| Three months ended July 31, |  | Nine months ended July 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Interest capitalized, beginning of period | $ | 295,145 |  |  | $ | 324,864 |  |  | $ | 297,975 |  |  | $ | 311,323 |
Interest incurred | 37,133 |  |  | 41,794 |  |  | 116,447 |  |  | 131,547 |
Interest expensed to home sales cost of revenues | (49,995) |  |  | (40,467) |  |  | (127,412) |  |  | (111,278) |
Interest expensed to land sales and other cost of revenues | (1,064) |  |  | (2,820) |  |  | (3,482) |  |  | (4,124) |
Interest expensed in other income – net | — |  |  | — |  |  | — |  |  | (2,440) |
Interest reclassified to property, construction and office equipment | (1,034) |  |  | — |  |  | (1,034) |  |  | — |
Interest capitalized on investments in unconsolidated entities | (1,078) |  |  | (1,013) |  |  | (3,403) |  |  | (2,790) |
Previously capitalized interest on investments in unconsolidated entities transferred to inventory | 76 |  |  | 88 |  |  | 92 |  |  | 208 |
Interest capitalized, end of period | $ | 279,183 |  |  | $ | 322,446 |  |  | $ | 279,183 |  |  | $ | 322,446 |

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